Using Percents - Calculating Commissions

A percent is a value divided by 100. For example, 80% and 45% are equal to 80/100 and 45/100, respectively. Just as a percent is a portion of 100, an actual quantity is part of an unknown whole. This article focuses on using percent and proportions to solve for that unknown whole. Finding the Whole in Real Life: Commissions Real estate agents, car dealers, and pharmaceutical sales representatives earn commissions. A commission is a percentage, or part, of sales. For example, a real estate agent earns a portion of the selling price of a house that she helps a client purchase or sell. A car dealer earns a portion of the selling price of an automobile that she sells. Example: Real Estate AgentNoà « aims to earn at least $150,000 as realtor this year. He earns a 3% commission. Whats the total dollar amount of houses that he must sell to reach his goal?What do you know?Noà « will earn 3 dollars per 100;Noà « will earn 150,000 dollars per ? 3/100 150,000/xCross multiply. Hint: Write these fractions vertically to get the full understanding of cross multiplying. To cross multiply, take the first fractions numerator and multiply it by the second fractions denominator. Then take the second fractions numerator and multiply it by the first fractions denominator.3 * x 150,000 * 1003x 15,000,000Divide both sides of the equation by 3 to solve for x.3x/3 15,000,000/3x $5,000,000Verify the answer.Does 3/100 150,000/5,000,0003/100 .03150,000/5,000,000 .03 Exercises 1. Ericka, a real estate agent, specializes in leasing apartments. Her commission is 150% of her clients monthly rent. Last week, she earned $850 in commission for an apartment that she helped her client to lease. How much is the monthly rent? 2. Ericka wants $2,500 for each leasing transaction. For each transaction, she earns 150% of her clients monthly rent. How much must her clients rent be for her to earn $2,500? 3. Pierre, an art dealer, earns 25% commission of the dollar value of the art pieces that he sells at the Bizzell Gallery. Pierre earns $10,800 this month. What is the total dollar value of the art that he sells? 4. Alexandria, a car dealer, earns 40% commission of her luxury vehicles sales. Last year, her salary was $480,000. What was the total dollar amount of her sales last year? 5. Henry is an agent for movie stars. He earns 10% of his clients’ salaries. If he made $72,000 last year, how much did he clients make in all? 6. Alejandro, a pharmaceutical sales representative, sells statins for a drugmaker. He earns a 12% commission of the total sales of the statins that he sells to hospitals. If he earned $60,000 in commissions, what was the total dollar value of the drugs that he sold?

Marketing Plan and Stp - 1192 Words

Marketing Plan Marketers have essentially four variables to use when crafting a marketing strategy and writing a marketing plan. They are price, promotion, product and distribution (also called placement). They are sometimes referred to as the four p s. A marketing mix is a combining of these four variables in a way that will meet or exceed organizational objectives. A separate marketing mix is usually crafted for each product offering. When constructing the mix, marketers must always be thinking of who their target market are. Mix coherency refers to how well the components of the mix blend together. A strategy of selling expensive luxury products in discount stores has poor coherency between distribution and product offering.†¦show more content†¦A target market is the market segment which a particular product is marketed to. It is often defined by age, gender and/or socio-economic grouping. Targeting strategy is the selection of the customers you wish to service. The decisions involved in targeting strategy include: †¢ how many segments to target †¢ which segments to target †¢ how many products to offer †¢ which products to offer in which segments There are three steps to targeting: †¢ market segmentation †¢ target choice †¢ product positioning Targeting strategy decisions are influenced by: †¢ market maturity †¢ diversity of buyers needs and preferences †¢ the company s size †¢ strength of the competition †¢ the volume of sales required for profitability Targeting can be selective (eg.: focus strategy, market specialization strategy or niche strategy), or extensive (eg.: full coverage, mass marketing, or product specialization). positioning is the technique in which marketers try to create an image or identity for a product, brand, or company. It is the place a product occupies in a given market as perceived by the target market. Positioning is something that is done in the minds of the target market. A product s position is how potential buyers see the product. Positioning is expressed relative to the position of competitors. Re-positioning involves changing the identity of a product, relative to the identity of competing products, in theShow MoreRelatedWhy The Cleveland Indians Could Benefit From Using The Stp Model1634 Words   |  7 Pagesto develop a successful marketing strategy and to create value for its customers, there are three essential steps that must be followed. This process includes segmenting, targeting, and positioning (STP). The basis of this process is to divide the population into segments with a distinct commonality, identify the segment(s) to target in efforts of reaching marketing goals, and then position the product or service to appeal to the targeted market. In order to make the STP model as effective as possibleRead MoreKey Elements Of Business Plan1368 Words   |  6 Pagesfirstly do the brief summary of the key elements of the business plan, and then analyse and evaluate the strengths and weaknesses of the plan, and then analyse the pros and cons of my own contribution to th e work of the group, finally, the report will summarise the main benefits that I have received from participation in the module and group business planning process. Key elements of business plan 1. Marketing plan A: Marketing research 1: The size of the market The ski boots sales amounts wasRead MoreMarketing Management Question on Hmv- London School of Commerce1670 Words   |  7 PagesLondon School of Commerce MODULE TITLE: - Marketing Management --------------------------------------------------------------------------------------------------------------------- Indicative Assessment Requirements for the Module;- Maximum Word Limit and Assessment weighting for each aspect within the assessment: * Each group must submit a hard copy of the report * Each member should speak for 4 minutes --------------------------------------------------------------------Read MoreMarketing Plan For A New Company1101 Words   |  5 Pages MARKETING PLAN CUPCAKE CENTRAL COMPANY â€Æ' TABLE OF CONTENTS 1. Executive summary 1.1 Introduction and Marketing challenges 2. Marketing plan objectives 3. Situation Analysis (5C’s) 3.1 Customer 3.2 Company SWOT Analysis 3.3 Context 3.4 Collaboration 3.5 Competitions 4. Strategic Development (STP) 4.1 Segmentation 4.2 Target Market 4.3 Positioning 5. Market Mix (4P’s) 5.1 Product 5.2 Price 5.3 Place 5.4 Promotion 6. Marketing Strategies 7. Implementation and Evaluation 8. Conclusion 9Read MoreMarketing Mix And Stps At Samsung Electronics1436 Words   |  6 PagesName Course Date The Marketing Mix and STPS The commercial of Samsung Electronics’ Water- less washing Machine shows Samsung Electronics employing the core components of the marketing mix to achieve its marketing objectives. The interaction between the price, product, place and promotion has far reaching effects on the company’s long term strategy. This relates to how Samsung segments, targets and positions (STPs) itself to tap into a sizeable customer base for the water less washing machineRead MoreCase Study Steelco1314 Words   |  6 Pages| Steelco | | | Week 3 | Case Analysis of Marketing | | | Steelco Case Analysis of Marketing Introduction The so-called I-beams are a standard element in modern construction used to build e.g. bridges, stadiums and super high-rise buildings. The I-beam market can be further segmented into small size beams up to 14-inches, in which a number of firms are active and a kind of perfect competition is taking place. As for the 14-inch to 24-inch range only Steelco and USX remain in anRead MoreCase Study Steelco1301 Words   |  6 Pages| Steelco | | | Week 3 | Case Analysis of Marketing | | | Steelco Case Analysis of Marketing Introduction The so-called I-beams are a standard element in modern construction used to build e.g. bridges, stadiums and super high-rise buildings. The I-beam market can be further segmented into small size beams up to 14-inches, in which a number of firms are active and a kind of perfect competition is taking place. As for the 14-inch to 24-inch range only Steelco and USX remain in an oligopolyRead MoreSwot Analysis Of Urc Myanmar1026 Words   |  5 Pages(4) Marketing Plan Executive Summary My Company is URC-Myanmar Company Limited. We produce JJ Jumbo wafer. We have two flavors. Chocolate and Milk. Last one year ago we import from Thailand. Now a day we proudly produce in Myanmar. My company is based in Philippine country. Mother company is JG Summit Holdings Company. Its largest subsidiary, Universal Robina Corporation, is one of the fastest growing snack-food and beverage companies in the ASEAN region, serving well-loved quality products withRead MoreEffectiveness Of The Firm s Previous Communication Initiatives1067 Words   |  5 Pagesnecessary 4. Lack of client audits 5. Poor sales technique 6. Project closeout Review of the Effectiveness of  the Firm’s previous communication  Initiatives The previously used marketing initiatives by Borton-Lawson Engineering include direct marketing, flyers, and ‘a bit’ of online marketing. In regard to direct marketing, the company often sends its sales reps to the field whereby the get to directly interact with the target customers informing them of the company’s product offers. The sales repsRead MoreHistory Of Coca Cola Company, Its Swot Analysis1347 Words   |  6 PagesCoca-Cola. The analysis allows us to outline the best strategies to follow for achievements of the company’s strategic goals. â€Å"Maple Cola† will be a healthy alternative of Coca-Cola. The paper will conduct STP analysis, implementation of our marketing plan and finally the evaluation of the success of the plan. Company overview Coca-Cola Inc. is a global leader in the beverage industry. The history of the company began in 1886 when Atlanta pharmacist, Dr. John S. Pemberton, created a distinctive tasting

The Last Castle Free Essays

The movie â€Å"The Last Castle† provides examples of good leadership and bad leadership. Colonel Winter, the warden of a military is the example of bad leadership, while General Irwin, a prisoner at Winter’s prison is an example of good leadership. The film illustrates that a leader does not have to have a technical leadership position to gain followers, and how two leaders who have differing viewpoints on leadership cannot exist in the same space without conflict. We will write a custom essay sample on The Last Castle or any similar topic only for you Order Now Henri Nouwen, in his book on leadership â€Å"In the Name of Jesus,† says â€Å"power offers an easy substitute for the hard task of love†¦easier to control people than love people. In â€Å"The Last Castle,† we see the contrast of Irwin’s and Winter’s leadership styles in regards to the prisoners. Winter constantly reads the inmates files about the crimes they committed in order to remind himself that they are capable of violence and so he will not ever feel compassion for them. He is hard-nosed and takes no interest into their personal feelings, and he refuses to ever recognize how they could change over time. Irwin, on the other hand, chooses to ignore the inmates’ pasts and focuses on who they are in the present. He recognizes that no matter what they have done, they have a good side as well. In addition, Irwin treats the inmates as men, instead of treating them like stupid children. In the film, Irwin takes interest in a prisoner named Aguilar. Aguilar is not well liked because he is Hispanic. In addition, he has a speech impediment so others think he is dumb. He has no confidence but when Irwin starts treating him like a soldier, and not like a worthless man, he gains his confidence. Irwin recognizes that Aguilar is smart and knows masonry so he puts Aguilar in charge of building the wall. Since Irwin treated Aguilar like a man and a soldier, Aguilar gained confidence and was able to himself become the leader of the wall-building project. In building the wall, the prisoners were building themselves a figurative castle to protect themselves from the unfair practices of Winter. Irwin inspires the men to build the wall to be something that is their own. Irwin suggests that they all work together in order to build a better, stronger wall. Building the wall was something the prisoners did on their own, without the directive of the warden. How to cite The Last Castle, Papers